Hexaware Tech Q1CY11 PAT seen up 1% at Rs 40cr

Hexaware Technologies is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1CY11 USD revenues are seen up 5.1%-5.8% at USD 70-70.5 million versus USD 66.6 million - inline with guidance of USD 70 million.

Its net sales are seen up 6.14% at Rs 318 crore versus Rs 299.6 crore.

Its EBITDA is seen up at Rs 39.9 crore versus Rs 34.5 crore.

Its EBITDA margins is seen at 12.5% versus 11.5%.

The company's PAT is seen up 1% at Rs 40 crore versus Rs 39.6 crore.

Highlights:

CY11 expected to be another strong year for the company

Management spoke of the possibility of double digit EBIT in Q1 itself (Q4 EBIT at 9.3%).

Traction from large clients, pricing and deal wins in discretionary services to be seen.

Check for forex gains.  (The Company has forward contracts worth $ 130.0 mn at an average rate of Rs 48.25 and hedges worth